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$385,000
Est. payment /mo
5,662 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Pending
Purchase Type For Sale
Subdivision Mi
MLS Listing ID 70510452
Year Built 1910
Annual Tax Amount $3,914
Tax Year 2025
Lot Size 5,662 Sqft
Acres 0.13
Lot Dimensions 49x111
Property Sub-Type Multi-Family
Property Description
Great investment opportunity just a short walk to the Wealthy Street Corridor and Eastown. This 2-unit property features large main floor one bedroom, one bathroom with spacious floor plan, large kitchen, formal dining, 3 season porch and two entrances. This unit rents for $1245 which is below market. Upper unit with two bedrooms and one full bathrooms, large kitchen, formal dining, tons of storage in attic, two entrances and current use of 2-stall garage. Additionally, there is a non-conforming studio apartment in the lower level generating an extra $700 a month in income (below market). This is truly a great set up for an owner occupant that can live in the home and collect rent from two additional units. Shared laundry in basement. Split utilities for unit 1 and 2. Newer windows, 10 year roof on home, 3 year roof on garage, furnaces are both 12 years old, newer hot water heaters, and city certified. Current rents are all below market value. Set up your showing today!
Location
State MI
County Kent
Area Grand Rapids (41032)
Zoning Residential
Interior
Heating Forced Air
Cooling None
Exterior
Exterior Feature Wood
Building
Foundation Basement
Structure Type Wood
Schools
School District Grand Rapids City School District
Others
Energy Description Natural Gas
Financing Cash,Conventional,FHA,VA
Virtual Tour https://www.zillow.com/view-imx/8093cdd5-ca85-4f35-96f0-7667204a9788?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard
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Listed by RE/MAX of Grand Rapids (FH)
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